Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsPower to recall loan on change of ownership of security
| 77. Whenever the Bank grants a loan, on the security of movable or immovable property and the mortgagor executes any instrument of sale or any other disposition affecting the said property, the Bank shall have the power to recall the loan granted, or charge such new owner, the current rate of interest, and for this purpose require the new owner to enter into any agreement as may be deemed necessary. |